Form D · Venture Capital Fund

Learn Capital Fund V Early, L.P.

Austin, TX · CIK 0001926089

Offering snapshot reported May 3, 2024 · SEC filing

Reported sold
$87.5M
Offering amount: $150M
Investors reported
27
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
May 2, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$43.7M$87.5MApr 29, 2022May 4, 2023: $79,865,000.00May 4, 2023May 3, 2024: $87,464,646.00May 3, 2024

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$79,865,000 → $87,464,646
  • Reported investors25 → 27

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 3, 2024Amendment$87,464,646$7,599,646vs May 4, 202327SEC filing
May 4, 2023Amendment$79,865,000No comparison25SEC filing
Apr 29, 2022InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
No
Business combination
No
Sales commissions
$1.5M
Finders' fees
$0
Form D file number
021-443964
Paid based on percentage of committed capital of investors introduced by a selling agent. Management fees will be offset by any such amounts paid by the Issuer. Such amounts do not reduce the offering proceeds available for investments.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
PAPAMARKOU WELLNER & CO., INC.10963
Moravia Capital AGNone
Investment Associates AGNone
FINALIS SECURITIES LLC305908
Tollymore Investments LLCNone
Fund Placement IsraelNone

Source: Form D, filed May 3, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

LEARN CAPITAL FUND V EARLY, L.P.

Investment adviser: LEARN CAPITAL, LLC

Gross asset value
$46M
Beneficial owners
29
ADV minimum commitment
$1M

Reported in Form ADV on Apr 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CARTA SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK, RIMERMAN & CO., LLP PALO ALTO, California, United States
Marketer FINALIS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Marketer FUND PLACEMENT ISRAEL TEL AVIV, Israel Related to adviser: No
Marketer INVESTMENT ASSOCIATES AG ZURICH, Switzerland Related to adviser: No
Marketer MORAVIA CAPITAL AG ZURICH, Switzerland Related to adviser: No
Marketer PAPAMARKOU WELLNER & CO., INC. NEW YORK, New York, United States Related to adviser: No
Marketer TOLLYMORE INVESTMENTS LLC SARASOTA, Florida, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
Yes

FRANK, RIMERMAN & CO., LLP
PCAOB 1596

FINALIS SECURITIES LLC
CRD 305908 · SEC 8-70425

PAPAMARKOU WELLNER & CO., INC.
CRD 10963 · SEC 8-29033

Filing source

Form ADV 2088775 · Apr 1, 2026 · Schedule D 7.B.(1), fund 805-5743700580

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Robert Hutter Executive
Greg Mauro Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
1809 Pearl Street
Austin, TX, 78701